Politics · Russia · 7 hrs ago
Russia plans two pension increases in 2027, bringing average to nearly 30,000 rubles
Russia plans to increase insurance pensions twice in 2027.
Finance Minister Anton Siluanov announced the plan at a meeting of a State Duma committee on budget and taxes.
The first increase is planned for February and is set at 6.8%, based on inflation in 2026.
A second increase of 3.3% is planned for April, based on forecast wage growth.
The average old-age pension is expected to reach 29,924 rubles by the end of 2027.
Russia also plans to raise the subsistence minimum to 20,227 rubles and the minimum wage to 28,935 rubles.
The minimum-wage increase is intended to support a goal of reaching 35,000 rubles by 2030.
Russia plans to increase insurance pensions twice in 2027, Finance Minister Anton Siluanov said.
The increases are planned for February and April, based on inflation and projected wage growth.
The average old-age pension is expected to reach 29,924 rubles by the end of 2027.
Siluanov announced the plans at a meeting of the State Duma’s budget and tax committee.
- Who
- Russia’s government plans the increases; Finance Minister Anton Siluanov announced them.
- What
- Insurance pensions are planned to be indexed twice in 2027. The average old-age pension is forecast to reach 29,924 rubles by year-end.
- When
- In 2027: from February 1 and April 1.
- Where
- Russia.
- Why
- The February increase is tied to 2026 inflation, and the April increase to projected wage growth.
This story does not have two clearly opposing sides.
Finance Minister Anton Siluanov announced the planned pension increases at a State Duma committee meeting.
The first increase is planned, at the level of 2026 inflation, forecast at 6.8%.
The second increase is planned, at 3.3%, in line with projected wage growth.
The average old-age pension is forecast to reach 29,924 rubles.
- February indexation
- 6.8%
- April indexation
- 3.3%
- Average old-age pension
- 29,924 rubles by the end of 2027
- Minimum subsistence level
- 20,227 rubles in 2027
- Minimum wage
- 28,935 rubles in 2027
What people are saying
Insurance pensions will be indexed twice: from February at the level of inflation — that is 6.8%, and from April by 3.3% — the levels at which, as we estimate, wages in the economy will grow
This will help achieve the task set by the president — bringing the minimum wage to 35,000 rubles by 2030
Sources
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